Vanguard Group Inc. cut its stake in shares of Enersys (NYSE:ENS – Free Report) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,499,465 shares of the industrial products company’s stock after selling 137,281 shares during the quarter. Vanguard Group Inc. owned approximately 12.01% of Enersys worth $508,260,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ENS. JPMorgan Chase & Co. lifted its stake in shares of Enersys by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 399,419 shares of the industrial products company’s stock worth $45,118,000 after acquiring an additional 2,487 shares during the period. PNC Financial Services Group Inc. raised its holdings in Enersys by 44.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,951 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 1,218 shares during the last quarter. New South Capital Management Inc. lifted its position in shares of Enersys by 22.6% in the 3rd quarter. New South Capital Management Inc. now owns 857,600 shares of the industrial products company’s stock worth $96,874,000 after purchasing an additional 158,267 shares during the period. Abich Financial Wealth Management LLC bought a new stake in shares of Enersys in the 3rd quarter valued at $64,000. Finally, LSV Asset Management boosted its stake in shares of Enersys by 209.8% in the 3rd quarter. LSV Asset Management now owns 140,955 shares of the industrial products company’s stock valued at $15,922,000 after purchasing an additional 95,455 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.
Enersys Stock Down 1.5%
Shares of NYSE:ENS opened at $170.03 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.75. Enersys has a 52-week low of $76.57 and a 52-week high of $194.77. The business’s 50 day simple moving average is $166.44 and its two-hundred day simple moving average is $136.63. The firm has a market cap of $6.27 billion, a P/E ratio of 21.07, a PEG ratio of 1.11 and a beta of 1.11.
Enersys Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, March 13th. Enersys’s dividend payout ratio is currently 13.01%.
Insider Buying and Selling at Enersys
In other Enersys news, insider Chad C. Uplinger sold 6,702 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $151.46, for a total transaction of $1,015,084.92. Following the completion of the sale, the insider directly owned 23,713 shares of the company’s stock, valued at approximately $3,591,570.98. The trade was a 22.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
ENS has been the subject of a number of analyst reports. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research note on Friday, November 7th. Roth Mkm reissued a “buy” rating and issued a $208.00 price objective (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Enersys in a research report on Tuesday, January 27th. BTIG Research lifted their target price on Enersys from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Wall Street Zen lowered Enersys from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enersys currently has a consensus rating of “Moderate Buy” and an average price target of $177.00.
Get Our Latest Report on Enersys
About Enersys
Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
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